Crackdown on FeSi smuggling could raise tags
Apr 16, 2012 | 01:31 PM
| Thorsten Schier
Tags
China,
ferrosilicon,
Vietnam,
Erdos,
Thorsten Schier
NEW YORK — A crackdown on ferrosilicon smuggling across the China-Vietnam border could lead to a rise in domestic prices, sources say.
"I hear they’re cracking down big-time right now. Some of the big producers like Erdos (Xijin Kuangye Co. Ltd.) have gone to the government saying ‘We’ve got to do something about this.’ The talk is that there’ll be no more material until mid-May," one supplier said, adding that he had already seen an uptick in sales on the news.....
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